Pring Turner Capital Group Inc. Buys Shares of 3,173 PAR Technology Co. (NYSE:PAR)

Pring Turner Capital Group Inc. purchased a new stake in shares of PAR Technology Co. (NYSE:PAR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,173 shares of the software maker’s stock, valued at approximately $231,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after buying an additional 20,811 shares during the last quarter. Geode Capital Management LLC raised its stake in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after acquiring an additional 81,551 shares in the last quarter. Moody National Bank Trust Division boosted its position in PAR Technology by 119.2% during the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock worth $1,764,000 after acquiring an additional 13,200 shares during the period. Barclays PLC grew its stake in shares of PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock worth $3,310,000 after purchasing an additional 51,578 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of PAR Technology by 6.2% during the third quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker’s stock valued at $903,000 after purchasing an additional 932 shares during the period.

PAR Technology Trading Up 0.2 %

PAR Technology stock opened at $62.37 on Tuesday. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The firm’s 50 day moving average price is $71.40 and its two-hundred day moving average price is $65.33. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -249.49 and a beta of 2.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

Wall Street Analysts Forecast Growth

PAR has been the subject of several research analyst reports. Craig Hallum upped their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group upped their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. Benchmark boosted their target price on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Stephens increased their price target on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.